Free nifty banknifty stock tips for 21 aug 2014
NIFTY Aug. expiry future last closed at 7882 with 28 points loss. In Intraday NIFTY, future made high at 7915 while low was at 7881. Total almost 35 points intraday range and closed with loss with profit booking. On futures side, -1.04% open interest cut suggest profit booking. On option side, 8000 call options writing was seen which is upcoming resistance. 7900-7940 is major supply zone and below it expects profit booking or supply from market. Risk traders stay short with stop loss or simply buy in the money put options.
BANKNIFTY Aug. expiry future last closed at 15,501 with loss of 36 points. In intraday BANK NIFTY, future hit high at 15,595 while low was at 15,450. Total 150 points intraday range and closed with loss. On futures, side -2.95% open interest cut suggests profit booking. On option side 16,000 call options writing has been seen. For tomorrow, stay short with stop loss of 15,650 for downside targets.
India VIX active future last closed at 1409 flat. In intraday NVIX hit high at 1409 while low was at 1409. Total 0 points intraday range and closed flat. For tomorrow, expect follow up buying.
Power Grid Corporation of India Limited stock closed at 136.7 with gain. In intraday stock hit high at 137 while low was near 136. For tomorrow, traders can sell this stock near 138 levels with strict stop loss 142 for targets 130.